Dicker Data Limited (ASX:DDR) Reports FY2024 Financial Results
Financial Performance
Dicker Data Limited reported a 0.7% increase in revenue for the year ended 31 December 2024, reaching $2,283.0 million compared to $2,267.7 million the previous year. Gross sales rose by 2.8% to $3,362.8 million, driven by growth in both Australia and New Zealand. Gross profit increased by 2.8% to $324.2 million, with improved margins in New Zealand. Net profit after tax decreased by 4.2% to $78.7 million, and earnings per share fell by 4.4% to 43.6 cents.
Statement of Financial Position
Total assets grew to $1,061.9 million from $927.0 million in 2023. Cash balances increased to $45.8 million, and trade receivables and inventories also saw notable rises. Total liabilities rose to $812.2 million, while equity decreased to $249.7 million, primarily due to an increase in paid dividends.
Dividends Paid
Dicker Data paid total dividends of 44.0 cents per share in 2024, comprising a final dividend of 11.0 cents and an interim dividend of 33.0 cents, compared to 45.0 cents the previous year.
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